2006 S Purchasing - Bid Award: Roof Replacement at New Courthouse CFE INC of Apex

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5.1.5 Applications for Payment shall indicate the percentage of completion of each portion of the Work as of the end of the period covered by the Application for Payment. 5.1.6 Subject to other provisions of the Contract Documents, the amount of each progress pay- ment shall be computed as follows: .~ Take that portion of the Contract Sum properly allocable to completed Work as deter- mined by multiplying the percentage completion of each portion of the Work by the share of the Contract Sum allocated to that portion of the Work in the schedule of val- ues, less retainage of ten percent ( ~ ~%). Pending final determi- nation of cost to the Owner of changes in the Work, amounts not in dispute shall be included as provided in Subparagraph 7.3.8 of AIA Document A2o1-1997; .z Add that portion of the Contract Sum property allocable to materials and equipment delivered and suitably stored at the site for subsequent incorporation in the completed -' construction (or, if approved in advance by the Owner, suitably scored off the site at a location agreed upon in writing), less retainage of ten percent ( ~ ~/o); .a Subtract the aggregate of previous payments made by the Owner; and .4 Subtract amounts, if any, for which the Architect has withheld or nullified a Certificate for Payment as provided in Paragraph 9.5 of AIA Document A2or-1997. 5.1.7 The progress payment amount determined in accordance with Subparagraph 5.r.6 shall be further modified under the following circumstances: .t Add, upon Substantial Completion of the Work, a sum sufficient to increase the total pay- ments to the full amount of the Contract Sum, less such amounts as the Architect shall determine for incomplete N~ork, retainage applicable to such work and unsettled claims; and (Subparagraph y.8.~ of ALa Document Azot-i9y; requires re{ease of applicable retainage upon Substantial Cornpl~ation of YV'ork ea~ith consent of si.~rety, if any.) z Add, if final completion of the Work is thereafter materially delayed through no fault of the Contractor, any additional amounts payable in accordance with Subparagraph y.io.3 of AtA Document Aaot-1997. 5.1.8 Reduction or limitation e}f retainage, if any, shall be as follows: (!f it is intended, pr-tor to Su(~stantial Completion qr the entire 61%ork, to reduce or lirr~ii tha retairuige resulting from the percentages inserted in Clauses 5. t.6. i and 5. i.6.2 nbove, and this is not explained elsewhere in the C.'ontract Documents, insert here provisions for such reduction or limitation.) ~~~~ 5.1.9 Except with the Owner's prior approval, the Contractor shall not make advance payments to suppliers for- materials or equipment which have not been delivered and stored at the site. oo~Qo G~ 5.2 FINAL PAYMENT ©lgg7 q~q® 5.2.1 Final payment, constituting the entire unpaid balance of the Contract Sum, shall be made pip DOCUMENT A101-1997 by the OwrieC t0 the Contractor when: OWNER-CONTRACTOR .t the Contractor has fully performed the Contract except for the Contractor's responsibil- AGREEMENT ity to correct Work as provided in Subparagraph rz..2.2 of AIA Document A2oi-1997, and The American Institute to satisfy other requirements, if any, which extend beyond final payment; and of Architects .x a final Certificate for Payment has been issued by the Architect. 1735 New vork Avenue, N.w. Washington, D.C. 20006-5292 .. _..__. _ ... ___. _:_~. ,_...- .~~ ...iu ...f.i.s .4. ..i•L~w. ~w Ln~l nme~r~aiitif